Pine Care Group (HKSE:01989) Accounts Receivable : HK$7.9 Mil (As of Sep. 2023)

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What is Pine Care Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pine Care Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$7.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pine Care Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 9.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pine Care Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-1.00.

Pine Care Group Accounts Receivable Historical Data

The historical data trend for Pine Care Group's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pine Care Group Accounts Receivable Chart

Pine Care Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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2.25

5.52

6.71

7.76

10.06

Pine Care Group Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial													7.13	7.76	7.54	10.06	7.88

Pine Care Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Pine Care Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Pine Care Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.875	/	151.73	*	91
=	9.47

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Pine Care Group's accounts receivable are only considered to be worth 75% of book value:

Pine Care Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(28.51	+	0.75 * 7.875	+	0.5 * 0	-	937.317
-	0	-	0)	/	902.88
=	-1.00

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Pine Care Group Accounts Receivable Related Terms

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Pine Care Group (HKSE:01989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pine Care Group Ltd (HKSE:01989) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

68-72 Yuk Wah Street, Ground Floor, 1 Koon Wah Lane, Tsz Wan Shan, Kowloon, Hong Kong, HKG

Website

https://www.pinecaregroup.com

Pine Care Group Ltd is engaged in the provision of elderly home care services. It operates care and attention homes for the elderly in Hong Kong offering residential care services, nursing care, and medication management. It derives revenue from rendering elderly home care services including the provision of residence, professional nursing and caretaking services, nutritional management, medical services, psychological and social care, and individual care plans; and through the sale of elderly home-related goods and provision of health care services in Hong Kong. The group's revenue is derived solely from its operations in Hong Kong.

Executives

Wong Tak Wai	2304 Executor or administrator
Jong Yat Kit (in The Capacity As The Receiver)	2304 Executor or administrator
Diamond Ridge Holdings Limited	2101 Beneficial owner
Chime Corporation Limited	2201 Interest of corporation controlled by you
Tang Yiu Sing	2201 Interest of corporation controlled by you
Tang Yiu Pong	2201 Interest of corporation controlled by you
Starcorp Limited	2101 Beneficial owner
Smartbase Investments Limited	2101 Beneficial owner
Great Canton Investments Limited	2101 Beneficial owner
Century Fortress Limited	2101 Beneficial owner
Silverage Pine Care Limited
Silverage Pillar Limited
Cho Wing Yin
Ng Kwok Fu Alex
Yim Ting Kwok

Pine Care Group (HKSE:01989) Headlines

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